FS KKR Capital Corp (FSK) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of FS KKR Capital Corp $15.04, price $11.25, upside +33.7%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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FS KKR Capital Corp
FSK · USUndervaluedThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range $9.24 – $18.88 · fair‑value band $13.99 – $15.04 · the $11.25 price screens below the $15.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies.
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FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2500 million. It focus on providing customized one-stop credit solutions to private upper middle market companies with annual EBITDA of $50 million to $150+ million at the time of investment. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.
Stock analysis
FS KKR Capital Corp (FSK) currently trades at $11.25, while our model-based Fair Value estimate is $15.04, implying the stock looks roughly 25.2% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $42.91 per share, and 6 of the 11 models we run sit above the $11.25 price.
Bear case: the Economic Profit group reads lowest at $12.86, and 5 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: $13.99 (bear) to $15.04 (bull), the price of $11.25 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
FS KKR Capital Corp reported revenue of $1.2B in FY2025 versus $1.1B in FY2021, a compound +2.0%/yr. Reported net income was $11.0M in FY2025, compounding −70.8%/yr from FY2021.
Key figures
Market cap $3.2B · P/S ratio 2.56 · EPS (TTM) $−1.34 · Net margin 0.9% · Return on equity −6.6% · Return on assets (EBIT) 4.5% · Operating margin 73.1% · Revenue (TTM) $1.3B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 34%, FSK screens cheaper than that median.
Fair Value models
All 12 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 47
Revenue & earnings trend
Growth Forecast
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Compare FS KKR Capital Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 647 stocks
Valuation Multiplesvs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $118.42 | $52.29 | −56% |
| KKR & Co KKR | $96.67 | $29.26 | −70% |
| Brookfield Corporation BN | $36.87 | $13.45 | −64% |
| Apollo Global Management, Inc APO | $121.69 | $197.23 | +62% |
| State Street Corporation STT | $181.34 | $139.37 | −23% |
| Ameriprise Financial, Inc AMP | $493.00 | $595.40 | +21% |
| Ares Management Corporation ARES | $122.01 | $103.68 | −15% |
| Northern Trust Corporation NTRS | $175.73 | $123.42 | −30% |
| Raymond James Financial, Inc RJF | $159.87 | $317.27 | +98% |
| Exor N.V EXO | €70.55 | €139.37 | +98% |
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Key figures of FS KKR Capital Corp
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